With 0.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. The 52-week range on CALX shows that it touched its highest point at $42.50 and its lowest point at $28.60 during that stretch. It currently has a 1-year price target of $48.83. Beta for the stock currently stands at 1.34.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CALX was up-trending over the past week, with a rise of 2.98%, but this was up by 33.15% over a month. Three-month performance dropped to -0.09% while six-month performance rose 18.68%. The stock gained 42.52% in the past year, while it has gained 20.82% so far this year. A look at the trailing 12-month EPS for CALX yields -0.52 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.21. This implies an EPS growth rate of 71.57% for this year and 58.86% for next year.
Float and Shares Shorts:
At present, 65.69 million CALX shares are outstanding with a float of 57.94 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CALX since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.51328 being high and $0.49579 being low. For CALX, this leads to a yearly average estimate of $0.50571. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.23.
